Transatlantique Private Wealth LLC Grows Holdings in UBS Group AG $UBS

Transatlantique Private Wealth LLC grew its stake in UBS Group AG (NYSE:UBS) by 26.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 53,878 shares of the bank’s stock after acquiring an additional 11,309 shares during the period. Transatlantique Private Wealth LLC’s holdings in UBS Group were worth $1,824,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Maseco LLP acquired a new position in shares of UBS Group in the second quarter valued at approximately $28,000. Westside Investment Management Inc. grew its holdings in shares of UBS Group by 535.2% in the second quarter. Westside Investment Management Inc. now owns 1,137 shares of the bank’s stock valued at $38,000 after purchasing an additional 958 shares in the last quarter. Quarry LP acquired a new position in shares of UBS Group in the first quarter valued at approximately $37,000. Berbice Capital Management LLC grew its holdings in shares of UBS Group by 44.4% in the first quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank’s stock valued at $40,000 after purchasing an additional 400 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of UBS Group by 62.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank’s stock valued at $46,000 after purchasing an additional 573 shares in the last quarter.

UBS Group Trading Down 1.2%

Shares of UBS Group stock opened at $37.91 on Tuesday. The company has a fifty day simple moving average of $40.09 and a 200-day simple moving average of $36.23. UBS Group AG has a 12-month low of $25.75 and a 12-month high of $42.56. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.77. The stock has a market cap of $121.54 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 0.66 and a beta of 1.18.

UBS Group (NYSE:UBS) last issued its earnings results on Wednesday, October 29th. The bank reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.28. UBS Group had a net margin of 11.02% and a return on equity of 8.37%. The business had revenue of $12.20 billion during the quarter, compared to analysts’ expectations of $9.68 billion. During the same quarter in the prior year, the business posted $0.43 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities analysts forecast that UBS Group AG will post 1.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on UBS. Zacks Research upgraded shares of UBS Group to a “strong-buy” rating in a report on Friday, August 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of UBS Group in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of UBS Group in a report on Thursday, August 14th. Citigroup reiterated a “neutral” rating on shares of UBS Group in a report on Monday. Finally, Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, UBS Group presently has a consensus rating of “Moderate Buy”.

UBS Group Company Profile

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through five divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy. The company offers investment advice, estate and wealth planning, investing, corporate and banking, and investment management, as well as mortgage, securities-based, and structured lending solutions.